Highbank Closes Private Placement-Oversubscribed

Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK)(FRANKFURT:V7O) is
pleased to announce the closing of the third and final tranche of a private
placement (the "Offering") as originally announced on July 15, 2013. 


The final tranche was oversubscribed by 1,243,750 units to 2,050,000 units of
the Company (the "Units") at a price of $0.08 per Unit for total gross proceeds
of $164,000. Each Unit consists of one common share of the Company and one
transferable share purchase warrant (a "Warrant"). Each Warrant is exercisable
into one common share of the Company for a period of 24 months from closing at
an exercise price of $0.10 in the first year and $0.12 in the second year.


The Company is paying cash finder's fees equal to 8% on a portion of the gross
proceeds raised from the Offering or $11,520.


The funds raised from the issuance of the securities shall be used for continued
development of the Swamp Point North aggregate project - costs incurred in the
preparation of the Notice of Work ("NoW") permit application, and for general
working capital.


The securities issued will be subject to a four month hold period expiring March
8, 2014.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities
laws of any state of the United States and may not be offered or sold within the
United States or to, or for the account or the benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) unless registered under
the U.S. Securities Act and applicable state securities laws or pursuant to an
exemption from such registration requirements.


On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.

Gary Musil, CFO and Director 

This News Release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results that may prove to
be inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected results.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Highbank Resources Ltd.
(604) 683-6648
(604) 683-1350 (FAX)
highbank@telus.net
www.highbankresources.com

Highbank Resources (TSXV:HBK)
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